What is an Absentee Owner?

What is an Absentee Owner?

An absentee owner is a property owner who does not reside on or near their property, often managing it through a property management company or local representative. This type of ownership is common among real estate investors who view their properties as investments and may face challenges such as property maintenance and tenant satisfaction. However, absentee ownership offers benefits like investment in diverse locations and leveraging technology for remote property management.